Shares of Sadr Logistics hit lifetime high

Logo of Sadr Logistics

Shares of Sadr Logistics Co. closed limit-up today, Feb. 21, reaching SAR 384.20, their highest since debut.

The stock recorded a trading volume of 827,000 shares. 

Accordingly, the stock gained 55% compared to its price of SAR 247 at the time of transition from Nomu-Parallel Market to the main market in December 2020. In addition, it soared 1000% compared to its amended listing price of SAR 35.05.

During its listing on Nomu, the company increased its capital twice through bonus share distributions, from SAR 11.25 million to SAR 15 million in April 2018, and from SAR 15 million to SAR 25 million in June 2020. The pre-listing price was SAR 78.

The company manufactures metal shelves and their accessories, as well as storage and handling systems, warehouse shelves and plastic pallets.

Sadr Logistics was established in 1994 by Mohammed Al-Samaani, with SAR 100,000 in capital. In 2016, it was transformed into a limited liability company under the name "Al-Samaani Factory for Metal Industries" with SAR 6.5 million in capital. Shareholders then approved transforming the firm into a closed joint stock company with SAR 9 million capital. The company was listed on the day of launching Nomu on Feb. 26, 2017.

*As per the latest disclosed data

The following table shows the most important financial indicators of the company: